World Bank says Indonesia to grow 6.2% in 2011 - Straits Times

JAKARTA - THE World Bank said on Wednesday that Indonesia's gross domestic product would grow 6.2 per cent in 2011, a slight increase from last year, when the country was one of the best performing emerging economies. The Bank maintained its 2011 growth forecast made in September last year, saying the recent strength of investment in South-east Asia's largest economy was expected to continue. 'Indonesia is emerging as a self-confident, rising and dynamic middle-income country,' World Bank country director for Indonesia Stefan Koeberle said. Indonesia posted 6.1 per cent growth in 2010 compared to 4.5 per cent in 2009, paving the way for the country to achieve its target of 6.0 to 6.5 per cent this year. Mr Koeberle said that in order to achieve the target Indonesia needed to deliver a favourable investment climate, improve infrastructure and find ways to create more and hi...